Here is where we will end our live coverage of the situation between Israel and Lebanon.

If you're just getting up to speed, here are some of the key events:

• US, Australia, EU and allies release joint statement on ceasefire
• IDF strikes targets in Beruit, Lebanon
• Israel's National Security Minister Itamar Ben-Gvir threatens to leave government if ceasefire agreement is made
• Israeli Prime Minister Benjamin Netanyahu heads to New York for UN General Assembly

You can read about the developments below or read more from the piece wrapping up the ceasefire talks and the strikes.

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The head of one of Hezbollah's air force units, Mohammad Surur, was killed in Israel's strike on Beirut's southern suburbs on Thursday afternoon, two security sources told Reuters.

Reporting by Reuters.

In a statement, the IDF said its fighter jets had struck "dozens of Hezbollah terror targets in Lebanon" on Thursday.

It said it had struck a range of targets, including a rocket launching site which had already fired towards Israel earlier in the day.

The IDF also said that, just after 4pm local time (11pm AEST), about 40 "projectiles" were identified crossing from Lebanon into Israeli territory. 

It said a number of them were intercepted, while others impacted the Upper Galilee area, near the Lebanese border.

Earlier this afternoon (local time) the IDF confirmed it had conducted airstrikes on Beirut's southern suburbs.

This is an area controlled by the militant group, Hezbollah.

Videos posted online have shown large amounts of smoke rising from a building in the suburb of Dahieh.

Israel's Prime Minister Benjamin Netanyahu is currently enroute to New York, where he's set to address the UN's General Assembly later this week.

His speech is undoubtedly going to focus on the ongoing conflicts in Gaza and Lebanon, and the future trajectory of the two.

One key question that continues to be raised, is whether his forces would launch a ground invasion of Lebanon, while their leader is out of the country?

It would be unlikely for such a major escalation to be launched without his presence in the Middle East — given it would almost certainly been seen as a declaration of war by Hezbollah — that would unleash a significant retaliation.

It would mean major changes to security protocols across the country, the redeployment of masses of Israeli troops towards the north, high-level discussions with world leaders about security arrangements, and a high demand on his time, to explain the escalation to the Israeli public (and the wider world) — all of which is harder to coordinate, while 10,000 kilometres away.

That's not to say it can be 100 per cent ruled out.

Near the Israel-Lebanon border, the Israeli army continues to conduct exercises simulating a possible ground incursion into Hezbollah territory.

So, his forces are clearly preparing.

And in a situation where the hostilities sit on the brink of major escalation, a lot can change in 24 hours.

Lebanon's health ministry says two people have been killed and 15 injured in the IDF's airstrike on a building in Beirut's south.

The health ministry said that a woman was among those with critical injuries.

Israel's National Security Minister Itamar Ben-Gvir has threatened to withdraw his party from Israel's coalition government, should Benjamin Netanyahu make a permanent ceasefire deal with Hezbollah.

The far-right Minister said he told the prime minister he would not vote with the coalition if the government agreed to a temporary ceasefire, and further that his whole team would quit the coalition if a permanent ceasefire agreement was reached.

"We will not abandon the residents of the north," he told his party.

Itamar Ben-Gvir has repeatedly voiced support for an Israeli invasion into southern Lebanon, to destroy Hezbollah and push the militant group away from the Israel border.

If his party were to quit the Government, Benjamin Netanyahu's coalition would no longer have a majority in the Israeli parliament - the Knesset - which could see the collapse of Netanyahu's Government, and an end to his hold on power. 

 The TV station of Lebanon's Hezbollah group reported an Israeli air strike in a suburb of Beirut. 

Al-Manar TV did not give details about the strike.

The Israeli military says it carried out a strike south of Beirut without elaborating. 

Military officials said details would be released later.

The IDF has confirmed it is striking targets in Beirut. 

Previous IDF strikes in the Lebanese capital have been assassination attempts on Hezbollah leaders.

The strike appears to have hit a location in the suburb of Dahieh, in Beirut's south, which is a Hezbollah stronghold.